Aljharem's Posts
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SMH, just SMDH all of una are the same, ACN is not different from PDP |
T8ksy:Nope, I meant it is Ok because you were going through the baifra talk and there is no point in opening healing wounds |
[quote author=Chyz* link=topic=841451.msg9917670#msg9917670 date=1325995488]There are protest in relation to subsity,not boko haram.[/quote]are you sure ? Are you on the streets to know the minds of the people ? It has gone way beyond the subsidy issue. that is why what GEJ said today would not really make them change their minds. the protest is 3 things in summary 1. Corruption from the government 2. Against boko haram and the killing occurring in the NE of Nigeria. The recent Church bomb etc. 3. Accountability from the government because of so many lies the government have been tell us. |
Well, I have already written about this fuel subsidy conundrum and I think that the timing and the deceit that went around the removal of the fuel subsidy is the main reason people are angry. I think the government has missed the point of peoples' anger about the fuel subsidy. It is not an economic argument; it is not a political argument because some of the people in government are accusing some of us in the opposition of being opposed to it for political reasons. It is more than that. It is a trust issue. Nigerians do not trust this government to use the resources well and there is nothing the government can do to earn that trust unless they get the work of the people done. This government has earned $200 billion from the sale of crude oil and taxes in the last four years and it has done nothing with it. Why would another $7 billion make the difference?thank you sir |
MsDarkSkin:yep both but not perfectly though happy new year ![]() |
T8ksy:it is ok, there is no time for that right now ![]() |
[quote author=Chyz* link=topic=841451.msg9917652#msg9917652 date=1325994682]why can't OPC ask the same?[/quote]there is protest already alone side arewa which is what people across the nation are protesting for as well |
Nchara:to be honest, they have every right to defend themselves. there was never a betrayer. mean while why can't ohnaeze ask why there are no protest against the killing ? |
mikeansy:my brother you don't understand People are afraid of Boko haram just like every southerner. People were afraid of fighting against the government to provide security. But now people have to courage to ask what is happening to our security. What has happened to the killing of Christians last year and the year before. this protest is not really about fuel subsidy again but about accountability of the government. It saddens me each time such attack goes on. I am deeply sorry for and hardship this past few days has caused any igbo person. We are protesting for the demand of the security of the people as well along side others. God would surly answer our prayers. Insha Allah |
mikeansy:Yes I do believe it. Now I understand what is going through ur mind but believe me on this it is not a sectional thing Nigeria I have to say might be at the blink of division soon and as such some people are trying to use Igbo, yoruba and hausa people as an instigator to themselves what better way to start a war in a country already begging for it ? Trust me every single ethnic group would regret it if we divide or go to war. Right now, Nigerian are been used like puppets and we have to be very very careful on the sort of news or propaganda we take it. Already some people are saying "they want to un-sit jonathan" I say these people are very evil so we should be careful and prayerful for this nation. Already we should be asking where our security is since they are not protecting the lifes of people again. then what is their job ? My brother we are one people and we should fight boko haram together |
[size=18pt]YES THEY ARE THE MOST POPULOUS OUTSIDE NIGERIA[/size] |
Princek12:Yoruba is not the most influential language I wonder why you brought out a topic like this ? Hausa is the most influenial language in Nigeria and abroad followed by the Yorubas then Igbos then fulani and Ijaw, edo then the Ibibios etc |
odumchi:Some of you people say rubbish at time without proper verification of what you are saying Ashawo is a yoruba word meaning money changer because prositutes usually have money which a man can exchange http://books.google.co.uk/books?id=wwkozSXDe_kC&pg=PA53&dq=Ashawo+word+yoruba&hl=en&sa=X&ei=aPsIT4uoPI2FhQfxvamHBQ&ved=0CDkQ6AEwAQ#v=onepage&q=Ashawo%20word%20yoruba&f=false Here is even ghanians and calabar people educating some of you about Nigerian words and their orgin http://books.google.co.uk/books?id=cDYL4unSDHkC&pg=PA83&dq=Ashawo+word+yoruba&hl=en&sa=X&ei=aPsIT4uoPI2FhQfxvamHBQ&ved=0CEMQ6AEwAw#v=onepage&q=Ashawo%20word%20yoruba&f=false |
Theblessed:There is no intimating there Lets for once JUST ONCE IN THE HISTORY of nigeria remove Tribalism in our thinking and maybe jsut maybe things would get better for us all. Moreover you talk like bliss4life but that aside. Please biko nu my sister this is not about GEJ and was never about GEJ. It has always been about corruption |
oiseworld:Ghana Borders are secure you mor.on go ask ours to do the same |
[quote author=Omo_Tier1 link=topic=837675.msg9917385#msg9917385 date=1325984669]Look do not try to pretend as if you are now on the side of the masses! Your post clearly show whom you support and where you belong. Simple test, if you claim you knw the difference between deregulation and price increase, explain to us in clear terms exactly what Price increase is and what deregulation isn't! clever Prof, I am awaiting your answers,[/quote]Don't mind the man with the IQ of over 500 beyond Human standards ![]() the dude is a funny chap |
oiseworld:you lack depths thinking and understanding of Nigeria and a bit daf.t I must say 1. If a government keeps throwing money to building of refineries and it is still not built can we not ask where all the money has gone and who it was paid to ? Or what sort of mumu people do we have in the country that think based on sentiments ? 2. So you agree that there is corruption in the country right ? If there is then should we keep looking and do nothing about it just because it is Nigeria ? Or Nigeria was born of corruption right from the inception ? This is the sort of daf.t reasoning that has held Nigeria back 200 years behind some countries. 3. Every Nigerian know we need strong decision Yes but if the decision what keep the system to keep running then NO. I think this is my last reply to you You seem like a sentimental person that thinks the "Nigerian mentality" which we have been doing for 50 years and still you what people to keep thinking that way. Well sorry bros things are about to Change in Nigeria FOR THE BETTER. If you think the statue quote would remain the same were people would be billionires within 4-5 years then I fell sorry for you. Madueke the petrolum minister just bought a 20 MILLION EURO HOUSe IN AUSTRIA, where did she get the money from ? and why is she asking for the removal of subsidy now when things are not in place ? Abeg bros or sister, go and sleep you are not thinking straight here |
nanidee:Gbammm nywanne |
Beaf:WHat of Iweala ? 1 billion dollars we pay to paris clud, where is it are the schools, health center etc built ? |
BlackPikiN:Ok we have heard But they are not in power now or are they ? Can't you see that we all should demand accountablity for PDP, ACN, TINUBU, Ameachi, Madueke, Iweala etc can't you see |
oiseworld:A beg go siddon for one place Why should the private sector build the refinery ? Niger republic refinery was built by the Government, Why can't the government do the same What would the money for the removal of subsidy be used for ? Sabotage by who ? ARE THEY gods that they cannot be arrested ? You seem to be more insane than beaf bead brain people. WICKED PEOPLE THAT WANT NIGERIANS TO KEEP SUFFERING SO THE STATUE QUOTE CAN REMAIN THE SAME. WICKED PEOPLE oiseworld:The why not change the workers ? Why not sack or better still arrest the workers collecting bribe ? Did they not learn it from the people at the top ? Why can't walls be built on some of our borders ? Why can't you give people registered IDs and passport so we know who is Nigerian and who is not YOU ARE SICK if you think the STATUE QUOTE WOULD REMAIN THE SAME just for another person to be giving us story about fuel subsidy again BTW use ur orginal username. thanks and stop this rubbish games |
http://www.nigerianmuse.com/important_documents/?u=Iweala_Understanding_Nigeria_debt_situation.htm [size=15pt]Beaf explain the money paid yearly to paris club, What was used to do since we do not pay it again ?[/size] Moreover didn't iweala promise the same thing in 2005, WHAT YEAR ARE WE IN NOW 2012 |
Beaf you talk of hypocricy WHY DID IWEALA TELL US NOW THAT WE ARE STILL PAYING DEBTS ? IN 2012 WHY why do we keep borrowing money ? [size=13pt]I THOUGHT the 1 BILLION DOLLARS WE PAY YEARLY TO THE PARIS CLUB WOULD BE USE FOR ?[/size] Look at Iweala Okonjo Nigeria's external debt stands presently at US$34 billion. About $28 billion or 85% of the debt is owed to the Paris Club of 15 creditor nations. Only 8% of the debt is owed to multilateral institutions such as the African Development Bank and the World Bank whilst the balance of 7% is owed to the London Club of commercial creditors and holders of Promissory Notes. Nigeria does not owe the IMF any money. The first fact therefore is that Nigeria's debt problem is really "a Paris Club debt problem" [b]If Nigeria were to fully service its external debt every year, annual debt service would amount to approximately US$3 billion - $2.3 billion to the Paris club, and $0.7 billion to the multilateral and commercial creditors. The ownership structure of the debt is such that the federal government pays 75% of the debt service whilst 25% approximately is serviced by the states. Therefore, fully servicing the $3 billion every year would mean that the federal government would have very little left for the capital budget over the next 5 to 7 years as the federal government's portion of such debt service would virtually eat up all of the capital budget, especially when it is considered that we also have domestic debt service amounting to about $1.4 billion a year. [/b] Please note that I am talking about our capital budget after factoring in the portion we have agreed to share on excess crude. The question is how many Nigerians would be prepared to live with little or no federal government capital budget for the next decade whilst we pay debt? I don't think anyone would subscribe to that. That is why we successfully argued with the[b] Paris Club to keep our present payments to them at US1 billion a year with another $0.7 going to multilateral and commercial creditors for a total external debt service of $1.7 billion a year or approximately 56% of the amount due.[/b] Whilst this situation gives us temporary relief to enable us sort out some of our investment needs and compelling current obligations such as expenditures on education and health, it does not provide a sustainable or permanent solution because the amount we don't pay keeps piling up as arrears and gets added to the principal amount making the debt larger. The bottom line is that even with the current high oil prices we cannot afford to service all of our debt unless we are really prepared to commit to very limited investment in our physical and human resources for the next ten to 15 years. We cannot also afford to allow the debt to pile up. So this means that , like other countries that have found themselves in similar situations at one time or another, we must search for a permanent workable solution to our debt problem. The search for debt relief is therefore a vital financial and economic issue for the country. Anyone who says otherwise is not looking at the facts and in matters like these, we must be factual and not sentimental to ensure we get the best results for the country. Nigeria does not belong to the group of Highly Indebted Poor Countries (HIPCs), although the country's poor socio-economic indices are similar to those of the HIPC countries. Unlike Nigeria, HIPC countries owe the bulk of their debts to multilateral development institutions like the ADB and the World Bank. The present initiative being developed by British Chancellor of the Exchequer, Gordon Brown seeks to assist the HIPC countries with their multilateral debts by getting them forgiven or cancelled in full (i.e 100%), or repaid to the multilateral institutions on their behalf. Nigeria does not seek to be a HIPC country. But we are saying that we too deserve consideration under another approach set up by the G- 8 countries called the EVIAN approach (because it was decided at the G8 Heads of State summit in Evian, France, two years ago). Under this approach, countries' debt situation and the possibility for debt forgiveness will be considered on a case by case basis, depending on the peculiar circumstances of each country and the country's ability to demonstrate progress with economic reform. The G8 and the Paris Club have in the past considered other countries which are much better off than Nigeria on a case by case basis. Examples are Poland, Yugoslavia, Egypt and, lately, Iraq. These countries were granted debt relief. We were not considered because of our previous poor track record with reform and our unilateral cessation of dialogue with them. Now that we are implementing reforms, there is everything right with Nigeria seeking debt relief because we cannot manage to pay the amounts due over the next decade without starving the country of money needed for investment and for poverty reduction programmes and projects. [size=13pt]Nigeria needs resources for public investment in roads, power, water, education, health, agriculture and other areas. In fact, recent estimates show that if we are to make adequate progress on growth and poverty reduction, particularly achieving the Millennium Development Goals (MDGs) of halving poverty by the year 2015,[/size] we need to grow at about 7 to 8% per annum and this requires an incremental investment of over $7 billion a year in the sectors just indicated. The developed countries have said that they would like to help developing countries which are managing their economies well by channeling resources to them to assist in achieving the MDGs. Part of the incentives they are considering is forgiving debt so that instead of repaying them, debtor countries can channel the funds into investments in the core areas noted above. All we are saying is that Nigeria is ripe to be considered for this kind of debt treatment along with others. We have been implementing our own home grown reform program - NEEDS - and the results for last year have been quite positive. GDP growth was 6% compared to a 5% target. Average annual inflation came down from 22% to 15%, while point to point inflation (December to December) came down from 23% to 10%. This was not the single digit inflation we targeted but we came pretty close at 10%. The fiscal deficit at $25 a barrel was 1.9% of GDP, better than the 2.1% we targeted and the reserves recorded healthy growth again from $7 billion to $19 billion thus ensuring that our exchange rate remains fairly stable. On the anti-corruption and transparency front, everyone knows we have a huge problem and an incredible challenge, but our development partners openly acknowledge now that we have been demonstrating willingness and resolve to be more transparent and to deal with corruption. We are publishing the revenues which all tiers of government get each month and we have even published a booklet showing what all tiers got for the first five years of President Obasanjo's administration. We are running a successful procurement reform called Due Process and everyone acknowledges that Due Process is working well. We have launched the Extractive Industries Transparency Initiative (EITI) to better expose and make transparent oil industry accounts and understand the structure of expenditure and revenue in the sector. We have the acclaimed efforts of the Economic and Financial Crimes Commission (EFCC), which is making strides in bringing economic criminals to book, sometimes against all odds. We have intensified efforts to find our looted funds abroad and bring the funds home - something that not many developing countries have managed to do. We now monitor our budget implementation and give half yearly reports to the National Assembly and the Nigerian public - something that was not available before. We are improving on this by adding a mechanism in this budget year 2005 to track poverty related expenditures to ensure we can trace the results on the ground in respect of money going to certain key sectors from the budget. We are now working with several competent and willing state governments to get the same kinds of mechanisms introduced at the state level. While huge challenges remain, these efforts have convinced many of our partners that monies from debt relief (75% of which will go to the federal government) will be well used and well monitored. L[b]et me conclude by saying that while Nigeria is potentially a rich country, it is presently a poor country and must therefore manage its resources wisely and well. Our total oil revenues last year were no more than $25 billion net. When it is spread over our large population of 130 million people, as I said elsewhere, this translates to no more than 53 cents or 70 naira per person per day. Compare this with Venezuela with 23.5 million people and $3.4 per person per day, Kuwait with 2.75 million people and $27.3 per person per day, or even Iraq with 25 million people and $2.4 per person per day and you will see that Nigeria, even in the best possible circumstances, is facing serious financial challenges.[/b] That is why we are also focusing on improving our non-oil revenues. That is why we are making a sustained effort to plug all leakages and discourage rent-seeking behaviour. That is why our reform programme aims at creating an enabling environment including a rational system of incentives and values, characteristic of a private sector driven economy. The road is hard and long but together, these efforts would assist in wealth creation and poverty reduction for Nigerians. No one can guarantee that we'll get debt relief. We might make all the efforts and still not get it. But there is no reason why we shouldn't try our very best to qualify and then leave the rest in God's hands! The developed countries say they want to assist African countries more this year and going forward. The UK, in particular, has said that the focus of its chairmanship of the G-8 and the EU this year will be Africa. They have produced the Commission for Africa report indicating specific ways they want to assist African countries, including through granting debt relief. Since we are already working hard to improve our economy for the benefit of our people through NEEDS, we should not be shy to leverage our efforts into asking for consideration for debt relief. Not trying at all would be a disservice to our people. Okonjo-Iweala is the Minister of Finance. |
stiyke:1. you are thinking illogical here and I am sorry to say brainless 2.You do not even understand why there is protest and yet you come here to appear like a knowledgeable person it seems after all the talk, shouting, teaching, lecture, protest, educating, directing, talking, etc people are doing, you still don't know why people are angry 1. Yes the system/ government is corrupt. In fact the country is socked in corruption 2. Yes subsidy has to go and everyone supports the FG for that 3. Before the removal of subsidy, build our refinery so we would not have this same issue in the future 4. proper security on our borders so smugglers aka the benefit thieves would not smuggle oil 5. Before removal of subsidy , CUT THE COST OF GOVERANCE. An average senator in Nigeria collects more than Obama the american president. 6. Now remove subsidy. Other things people are protesting for because it was a build up of anger since 1970 and this was the opportunity for a revolution are 1. protest against corruption and the arrest of these people 2. protest against boko haram and killing of Christians/igbos 3. protest against the NEGLIGENT of the Niger-delta My advice for you is to just keep shut if you are confused to what people are protesting against or don't know what to say. thanks Your sort of mentality is the reason why Nigeria is still where it is today. No light, No security, No shelter, No good roads, No good water, No refinery even though we are oil producing, Total neglect of infrastructure, Total neglect of the Niger-delta, Total neglect of the Niger bridge, Total neglect of people dying in the North, Lack of accountability, Lack of credibility, Lack of industrial growth apart from Oil which the entire country is dependant on, Lack of economic growth apart from the telecommunication sector by OBJ |
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